Financial Authority Policy Appendix 1
| Approval Level | Budget Holders | Maximum financial authority for a single transaction within approved budget (NZ$, GST exclusive) | Includes capital expenditure within area's approved capital budget |
|---|
|
Level A
|
Chief Operating Officer, Senior Deputy Vice-Chancellor
|
$3,000,000
|
Yes
|
|
Level B
| Director of Finance |
$500,000
|
Yes
|
|
Level C
|
Deputy Vice-Chancellors, Assistant Vice-Chancellors, Pro Vice-Chancellors or equivalent |
$250,000
|
Yes
|
|
Level D
|
Heads of School, Directors or equivalent |
$100,000
|
Yes
|
|
Level E
|
Associate Deans, Deputy Deans or equivalent
|
$50,000
|
Yes
|
|
Level F
|
Managers, Unit Directors or equivalent
|
$15,000
|
Yes
|
|
Level G
|
Business/Administrative Managers
|
$10,000
|
No
|
|
Level H
|
Cost Centre Alternates (Acting)
|
$10,000
|
No
|
|
Level I
|
Administrative Managers
|
$5,000
|
No
|
|
Level J
|
Administrative Staff/Personal Assistants with a significant range of financial responsibilities
|
$3,000
|
No
|
|
Level K
|
Administrative Staff/Personal Assistants with a range of financial responsibilities
|
$2,000
|
No
|
|
Level L
|
Administrative Staff/Personal Assistants with moderate financial responsibilities
|
$1,000
|
No
|
|
Level M
|
Secretaries/Personal Assistants with limited financial responsibilities
|
$250
|
No
|
|
Level P
|
PCard authorities only (no financial delegation for Unimarket)
|
$250
|
No |
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